Tweet
Hi all, I'm hoping someone can please advise as to whether my logic is correct.
Essentially I took out a Northern rock together mortgage over 10 years ago just before the recession, this included an unsecured loan of £30k.
Shortly after I was out of work for a year and built up mortgage arrears on both the secured element and unsecured element of the loan.
Despite 5 attempts of NRAM trying to repossess I managed to fight them off and eventually paid of the secured mortgage arrears however because I was prioritising the secured payments the unsecured loan arrears were not being paid and eventually NRAM applied for a CCJ.
However at the time they did not default the unsecured loan account so it is still showing on my credit file with just many late payments.
The CCJ dropped of my account about a year ago and during the 6 years prior NRAM didn't take and forceful action to recover the debt.
My understanding is that prior to making an application for a CCJ to the courts they should have set my unsecured account to default and hence it should have also dropped of my account when the CCJ did and the unsecured debt should In theory now be written off.
I did contact Experian and raised this issue, they replied stating that they contacted NRAM however NRAM stated they would not be making any amendments regarding this unsecured account on my credit file.
I would really appreciate any advise on this matter and if my logic is incorrect.
Many thanks in advance!!!
Essentially I took out a Northern rock together mortgage over 10 years ago just before the recession, this included an unsecured loan of £30k.
Shortly after I was out of work for a year and built up mortgage arrears on both the secured element and unsecured element of the loan.
Despite 5 attempts of NRAM trying to repossess I managed to fight them off and eventually paid of the secured mortgage arrears however because I was prioritising the secured payments the unsecured loan arrears were not being paid and eventually NRAM applied for a CCJ.
However at the time they did not default the unsecured loan account so it is still showing on my credit file with just many late payments.
The CCJ dropped of my account about a year ago and during the 6 years prior NRAM didn't take and forceful action to recover the debt.
My understanding is that prior to making an application for a CCJ to the courts they should have set my unsecured account to default and hence it should have also dropped of my account when the CCJ did and the unsecured debt should In theory now be written off.
I did contact Experian and raised this issue, they replied stating that they contacted NRAM however NRAM stated they would not be making any amendments regarding this unsecured account on my credit file.
I would really appreciate any advise on this matter and if my logic is incorrect.
Many thanks in advance!!!
Comment